Mentioned:
The quantum computing revolution is happening. But, is it coming to the government next?
What’s happening:
- D-Wave Quantum (NYSE: QBTS) has announced a new collaboration with Carahsoft Technology to accelerate quantum computing adoption into the United States government
Why it matters:
- Quantum computing has many highly promising applications that could be leveraged by government agencies, including national security, energy resilience and even material science research
- Carashsoft Technology is one of the largest players in cybersecurity and technology contracts with the American government, generating billions of dollars in annual revenue from both federal and state government agencies through large scale information technology deals
Going deeper:
- Carahsoft Technology will be able to offer government agencies real time access to D-Wave Quantum’s quantum computing systems through their Leap cloud platform
- D-Wave Quantum currently has existing deals with some of the largest companies in the world focused on quantum computing technologies, including Mastercard, Deloitte and Lockheed Martin (NYSE: LMT)
The intrigue:
- Quantum computing has become an obsession on Wall Street lately, which has been largely fuelled by rapid new capital raises and highly volatile swings in the share prices of many of the leading publicly listed quantum commuting companies
